{"id":7347,"date":"2026-03-05T08:00:54","date_gmt":"2026-03-05T13:00:54","guid":{"rendered":"https:\/\/www.batirente.com\/?p=7347"},"modified":"2026-03-13T18:11:57","modified_gmt":"2026-03-13T22:11:57","slug":"everything-youve-always-wanted-to-know-about-the-tfsa","status":"publish","type":"post","link":"https:\/\/www.batirente.com\/en\/everything-youve-always-wanted-to-know-about-the-tfsa\/","title":{"rendered":"Everything you\u2019ve always wanted to know about the TFSA!"},"content":{"rendered":"

Do you have any TFSA-related questions? To take full advantage of this investment vehicle, here are answers to the most frequently asked ones!<\/p>\n

1. Is my TFSA deductible for income tax purposes?<\/strong>
\nNo. Unlike the RRSP<\/a>, your TFSA<\/a> contributions are not tax deductible. The main advantage of a TFSA lies in the fact that realized investment gains and withdrawals are not taxable for either the federal or provincial governments.<\/p>\n

2. Can I invest my TFSA?<\/strong>
\nYes. Concerning the TFSA, you have access to the same investment options<\/a> as for your B\u00e2tirente retirement plan. Thus, it\u2019s possible, as with RRSPs, to invest a TFSA in one of the funds available and according to your investor profile.<\/p>\n

3. I already have a TFSA with my financial institution. Can I open another account with B\u00e2tirente?<\/strong>
\nYes. The key is not to exceed your annual contribution limit, which applies to all your accounts combined. You\u2019ll find your contribution limit for a given year directly in your online account with the Canada Revenue Agency.<\/p>\n

4. What is the annual contribution limit?<\/strong>
\nFor 2026, the TFSA contribution limit is set at $7,000. It\u2019s important to take under consideration your withdrawals made in 2025 and your unused contribution room from previous years. If you\u2019ve never contributed to a TFSA and you\u2019ve been eligible since 2009, your unused contribution room for 2026 will be $109,000.<\/p>\n

5. What happens if I exceed the contribution limit?<\/strong>
\nOvercontributions are subject to a 1% per month penalty for every month these amounts remain in one\u2019s account. Unused contribution room can be carried forward indefinitely.<\/p>\n

6. Are there fees for withdrawing money from my TFSA at the B\u00e2tirente financial services firm?<\/strong>
\nNo, you don\u2019t pay any fees if you take out money from your TFSA.<\/p>\n

7. I’ve transferred my RRSP in B\u00e2tirente. Can I do the same with my TFSA?<\/strong>
\nYes. In addition, the advantageous fees<\/a>* of your B\u00e2tirente group plan are the same for all types of plans (SPP, RRSP, DPSP, TFSA, FHSA). A TFSA invested in your group plan therefore benefits from the same cost savings as in an RRSP.<\/p>\n

Questions?<\/strong>
\nContact the\u00a0Member Services Centre<\/strong><\/em>\u00a0at 1 800 463-6984, Monday to Friday, 8 a.m. to 8 p.m. or by email at\u00a0batirente@dsf.ca<\/a>.<\/p>\n

 <\/p>\n

*By comparing the average management fee of 0.86% for B\u00e2tirente group plans in 2026 with that of a retail fund, at 2.07% (based on Morningstar\u2019s 2025 Canada Fund Fee Study, using the estimated average advisory fees and the 50th<\/sup> percentile of fees applicable to a Global Neutral Balanced mutual fund).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The B\u00e2tirente TFSA is a flexible savings tool that helps you finance your projects while keeping your money accessible and your withdrawals tax-free.
\nContributions, limits, multiple accounts, transfers\u2026 discover our answers to the 7 most frequently asked questions to help you make the most of it!<\/p>\n","protected":false},"author":3,"featured_media":22984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[25],"tags":[30,29,34,32],"class_list":["post-7347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money","tag-contribute","tag-invest","tag-save","tag-tfsa"],"acf":[],"yoast_head":"\nEverything you\u2019ve always wanted to know about the TFSA! - B\u00e2tirente<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.batirente.com\/en\/everything-youve-always-wanted-to-know-about-the-tfsa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everything you\u2019ve always wanted to know about the TFSA! - B\u00e2tirente\" \/>\n<meta property=\"og:description\" content=\"The B\u00e2tirente TFSA is a flexible savings tool that helps you finance your projects while keeping your money accessible and your withdrawals tax-free. 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